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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Jacksonville, Business Loans > Capitalsouth Bank Jacksonville Business Loans > Hotels And Motels Loan | ||||
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Florida Bank SBA Loans
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Capitalsouth Bank SBA Loan to Hotels And Motels CompanySearching for a Florida SBA loan? Here's one Florida business loan that was approved by the SBA. This small business needed an SBA business loan in St. Augustine, Florida back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Capitalsouth Bank, operating out of Jacksonville, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender CAPITALSOUTH BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels Loan Approval Date 6/9/2000 Loan Approval Gross Amount $1,175,000 Loan Approval from the SBA Of the total $1,175,000 loan amount, the SBA guaranteed $749,991. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you have been wondering how do i get money to start a business in St. Augustine FL, you ought to talk with a local St. Augustine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to St. Augustine businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Good Banks for Small Business in Jacksonville, Florida Browse All Business Loan Sources for Florida
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